Freighter values and lease rates June 2004

Value & lease trends

Freighter values and lease rates

FREIGHTER VALUE RATES ($m)

New 5 years old 10 years old 20 years old A300F4-200 A300-600RF 70.28 54.22 38.17 10.79

727-200F Adv 737-300QC 747-200M 747-400M 747-400F 747-400ERF 757-200PF 767-300F 144.77 153.67 39.31 55.91 30.41 96.78 114.75 68.47 84.73 19.10 15.40

1.84

9.46

MD-11C MD-11F

52.72 58.69

42.11 47.46

FREIGHTER LEASE RATES ($’000s per month)

New 5 years old 10 years old 20 years old

A300F4-200 A300-600RF 451 383 332

727-200F Adv 737-300QC 747-200M 747-400M 747-400F 747-400ERF 757-200PF 767-300F 1,270 1,335 274 420 246 767 1,031 607 808 181 160

MD-11C MD-11F Note: As assessed at end April 2004, mid-range values for all types Source: AVAC

505 570

430 486

AIRCRAFT AND ASSET VALUATIONS Contact Paul Leighton at AVAC (Aircraft Value Analysis Company) • Website: www.aircraftvalues.net • Email: pleighton@aircraftvalues.net • Tel: +44 (0) 20 7477 6563 • Fax: +44 (0) 20 7477 6564